Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
$3,000,000
2718 S Cochran Ave | 12-Unit Multifamily in West Adams, Los Angeles. Built in 1962, this 12-unit residential income property sits on a 9,583 SF lot with 7,903 SF of improvements in a highly accessible West Adams rental corridor. The property features a diverse unit mix of (6) two-bedroom/one-bath units,… Read More (5) one-bedroom/one-bath units, and (1) studio unit, appealing to a broad tenant base including small families, roommates, and working professionals. Currently averaging approximately $2,042 per unit in monthly rent, the asset presents meaningful income growth potential as rents trend toward the projected market average of approximately $2,588 per unit, representing roughly 25% rental upside through natural tenant turnover and strategic rent optimization. Offered at $3,000,000 ($250,000/unit | $379.60/SF), the property currently operates at a 6.36% cap rate with the potential to achieve an 8.60% pro forma cap rate as rents stabilize. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
16
Square Ft.
7,903
Lot Size
0.22 Acres
Year Built
1962
MLS Number
26662345
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1962, Living area: 7903.0, 1 building, Levels: MultiSplit
Heating
WallFurnace
Income
Gross Income: $289,400, Net Operating Income: $190,676
Interior Features
CeilingFans
Lot
0.2201 acres
Parking
11 total parking spaces, Covered
Taxes
Parcel Number: 5043013010, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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